Sector Update: Financial Stocks Advance Premarket Monday

MT Newswires Live10-28

Financial stocks were advancing premarket Monday as the Financial Select Sector SPDR Fund (XLF) rose by 0.5% recently.

The Direxion Daily Financial Bull 3X Shares (FAS) was up 1.4% and its bearish counterpart Direxion Daily Financial Bear 3X Shares (FAZ) was 1.4% lower.

Robinhood Markets (HOOD) shares advanced by over 3% after the company said its Robinhood Derivatives unit has launched presidential election event contracts that allow customers to trade on the results of the Nov. 5 election.

Bank of Hawaii (BOH) shares were up over 3% after the company reported lower Q3 earnings and revenue that still topped analysts' expectations.

Hope Bancorp (HOPE) shares fell past 6% after the company reported lower Q3 non-GAAP earnings and revenue.

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